Industrial Generator Set Market Key Players Analysis 2031
At its simplest, a generator set or "genset is a piece of portable equipment, consisting of an engine and an alternator/electric generator, used to provide energy. Gensets are often used in developing areas and other areas not connected to the power grid; places where power outages are frequent; and/or where an outage can cause especially significant or dangerous problems, such as deep in a mine. They can serve as the main source of energy or as a supplementary power source, perhaps during peak usage hours.
MARKET DYNAMICS
Industrial generator sets have been gaining popularity for the last few years due to the various advantages offered such as long maintenance interval, low temperature starting capacity, high power density, etc. Industrial generator sets are efficient and simple, as they consume less fuel due to the development of a common rail injection engine, which consumes less fuel and generates less noise. Increase in industrial applications and rise in construction activities are expected to drive the global industrial generator sets market during the forecast period.
MARKET SCOPE
The ˜Global Industrial Generator Sets Market Analysis to 2031" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the industrial generator sets market with detailed market segmentation by power rating, fuel type, distribution channel, and end-user. The global industrial generator sets market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading industrial generator sets market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
1. By Power Rating: The global market is divided into Less than 75 kVA, 75 to 375 kVA, 375 to 750 kVA, and More than 750 kVA.
2. By Fuel Type: The global market is divided into Diesel, Gas, and Others (Hybrid, etc.)
3. By Distribution Channel: The global market is divided into direct, and indirect.
4. By End-user: The global market is divided into Oil & Gas, Manufacturing, Construction, Electric Utilities, Mining, Transport & Logistics, and Others (Health care, etc.)
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The industrial generator sets market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the industrial generator sets market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the industrial generator sets market in these regions.
IMPACT OF COVID 19
With the outbreak of the COVID 19 pandemic, there is a sharp pullback in economic activity due to mandatory lockdowns and other containment measures. The impact of COVID 19 pandemic on the energy, automobile, industries has already been profound. A drop in demand for industrial generator sets was observed in 2021. This drop is primarily due to a dramatic fall in oil prices that has led to drastic spending cuts in the oil and gas industry. The market is expected to fare well in the short term due to the advantages associated with the generator sets.
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The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The industrial generator sets market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the industrial generator sets market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the industrial generator sets market in these regions.
IMPACT OF COVID 19
With the outbreak of the COVID 19 pandemic, there is a sharp pullback in economic activity due to mandatory lockdowns and other containment measures. The impact of COVID 19 pandemic on the energy, automobile, industries has already been profound. A drop in demand for industrial generator sets was observed in 2021. This drop is primarily due to a dramatic fall in oil prices that has led to drastic spending cuts in the oil and gas industry. The market is expected to fare well in the short term due to the advantages associated with the generator sets.
MARKET PLAYERS
The report covers vital developments in the industrial generator sets market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships and collaborations. These activities have paved the way for the expansion of businesses and the customer base of market players. The market players from the industrial generator sets market are anticipated to have lucrative growth opportunities in the future with the rising demand for industrial generator sets in the global market. Below mentioned is the list of a few companies engaged in the industrial generator sets Market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the industrial generator sets market. Decide the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
- Atlas Copco
- Briggs & Stratton Corporation
- C&S Electric Limited
- Caterpillar Inc.
- Cummins Inc.
- Deere & Company
- Generac Holdings Inc.
- Ingersoll Rand plc.
- J.C. Bamford Excavators Limited
- Mitsubishi Heavy Industries, Ltd.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Industrial Generator Set Market - By Power Rating
1.3.2Industrial Generator Set Market - By Fuel Type
1.3.3Industrial Generator Set Market - By Distribution Channel
1.3.4Industrial Generator Set Market - By Application
1.3.5Industrial Generator Set Market - By Region
1.3.5.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.INDUSTRIAL GENERATOR SET MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.INDUSTRIAL GENERATOR SET MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.INDUSTRIAL GENERATOR SET MARKET - GLOBAL MARKET ANALYSIS
6.1.INDUSTRIAL GENERATOR SET - GLOBAL MARKET OVERVIEW
6.2.INDUSTRIAL GENERATOR SET - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING
7.INDUSTRIAL GENERATOR SET MARKET - REVENUE AND FORECASTS TO 2028 " POWER RATING
7.1.OVERVIEW
7.2.POWER RATING MARKET FORECASTS AND ANALYSIS
7.3.LESS THAN 75 KVA
7.3.1.Overview
7.3.2.Less than 75 kVA Market Forecast and Analysis
7.4.75 TO 375 KVA
7.4.1.Overview
7.4.2.75 to 375 kVA Market Forecast and Analysis
7.5.375 TO 750 KVA
7.5.1.Overview
7.5.2.375 to 750 kVA Market Forecast and Analysis
7.6.MORE THAN 750 KVA.
7.6.1.Overview
7.6.2.More than 750 kVA. Market Forecast and Analysis
8.INDUSTRIAL GENERATOR SET MARKET - REVENUE AND FORECASTS TO 2028 " FUEL TYPE
8.1.OVERVIEW
8.2.FUEL TYPE MARKET FORECASTS AND ANALYSIS
8.3.DIESEL
8.3.1.Overview
8.3.2.Diesel Market Forecast and Analysis
8.4.GAS
8.4.1.Overview
8.4.2.Gas Market Forecast and Analysis
8.5.OTHERS (HYBRID ETC.)
8.5.1.Overview
8.5.2.Others (Hybrid etc.) Market Forecast and Analysis
9.INDUSTRIAL GENERATOR SET MARKET - REVENUE AND FORECASTS TO 2028 " DISTRIBUTION CHANNEL
9.1.OVERVIEW
9.2.DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
9.3.DIRECT
9.3.1.Overview
9.3.2.Direct Market Forecast and Analysis
9.4.INDIRECT
9.4.1.Overview
9.4.2.Indirect Market Forecast and Analysis
10.INDUSTRIAL GENERATOR SET MARKET - REVENUE AND FORECASTS TO 2028 " APPLICATION
10.1.OVERVIEW
10.2.APPLICATION MARKET FORECASTS AND ANALYSIS
10.3.OIL AND GAS
10.3.1.Overview
10.3.2.Oil and Gas Market Forecast and Analysis
10.4.MANUFACTURING
10.4.1.Overview
10.4.2.Manufacturing Market Forecast and Analysis
10.5.CONSTRUCTION
10.5.1.Overview
10.5.2.Construction Market Forecast and Analysis
10.6.ELECTRIC UTILITIES
10.6.1.Overview
10.6.2.Electric Utilities Market Forecast and Analysis
10.7.MINING
10.7.1.Overview
10.7.2.Mining Market Forecast and Analysis
10.8.TRANSPORT AND LOGISTICS
10.8.1.Overview
10.8.2.Transport and Logistics Market Forecast and Analysis
10.9.OTHERS (HEALTH CARE ETC.)
10.9.1.Overview
10.9.2.Others (Health care etc.) Market Forecast and Analysis
11.INDUSTRIAL GENERATOR SET MARKET REVENUE AND FORECASTS TO 2028 " GEOGRAPHICAL ANALYSIS
11.1.NORTH AMERICA
11.1.1North America Industrial Generator Set Market Overview
11.1.2North America Industrial Generator Set Market Forecasts and Analysis
11.1.3North America Industrial Generator Set Market Forecasts and Analysis - By Power Rating
11.1.4North America Industrial Generator Set Market Forecasts and Analysis - By Fuel Type
11.1.5North America Industrial Generator Set Market Forecasts and Analysis - By Distribution Channel
11.1.6North America Industrial Generator Set Market Forecasts and Analysis - By Application
11.1.7North America Industrial Generator Set Market Forecasts and Analysis - By Countries
11.1.7.1United States Industrial Generator Set Market
11.1.7.1.1United States Industrial Generator Set Market by Power Rating
11.1.7.1.2United States Industrial Generator Set Market by Fuel Type
11.1.7.1.3United States Industrial Generator Set Market by Distribution Channel
11.1.7.1.4United States Industrial Generator Set Market by Application
11.1.7.2Canada Industrial Generator Set Market
11.1.7.2.1Canada Industrial Generator Set Market by Power Rating
11.1.7.2.2Canada Industrial Generator Set Market by Fuel Type
11.1.7.2.3Canada Industrial Generator Set Market by Distribution Channel
11.1.7.2.4Canada Industrial Generator Set Market by Application
11.1.7.3Mexico Industrial Generator Set Market
11.1.7.3.1Mexico Industrial Generator Set Market by Power Rating
11.1.7.3.2Mexico Industrial Generator Set Market by Fuel Type
11.1.7.3.3Mexico Industrial Generator Set Market by Distribution Channel
11.1.7.3.4Mexico Industrial Generator Set Market by Application
11.2.EUROPE
11.2.1Europe Industrial Generator Set Market Overview
11.2.2Europe Industrial Generator Set Market Forecasts and Analysis
11.2.3Europe Industrial Generator Set Market Forecasts and Analysis - By Power Rating
11.2.4Europe Industrial Generator Set Market Forecasts and Analysis - By Fuel Type
11.2.5Europe Industrial Generator Set Market Forecasts and Analysis - By Distribution Channel
11.2.6Europe Industrial Generator Set Market Forecasts and Analysis - By Application
11.2.7Europe Industrial Generator Set Market Forecasts and Analysis - By Countries
11.2.7.1Germany Industrial Generator Set Market
11.2.7.1.1Germany Industrial Generator Set Market by Power Rating
11.2.7.1.2Germany Industrial Generator Set Market by Fuel Type
11.2.7.1.3Germany Industrial Generator Set Market by Distribution Channel
11.2.7.1.4Germany Industrial Generator Set Market by Application
11.2.7.2France Industrial Generator Set Market
11.2.7.2.1France Industrial Generator Set Market by Power Rating
11.2.7.2.2France Industrial Generator Set Market by Fuel Type
11.2.7.2.3France Industrial Generator Set Market by Distribution Channel
11.2.7.2.4France Industrial Generator Set Market by Application
11.2.7.3Italy Industrial Generator Set Market
11.2.7.3.1Italy Industrial Generator Set Market by Power Rating
11.2.7.3.2Italy Industrial Generator Set Market by Fuel Type
11.2.7.3.3Italy Industrial Generator Set Market by Distribution Channel
11.2.7.3.4Italy Industrial Generator Set Market by Application
11.2.7.4Spain Industrial Generator Set Market
11.2.7.4.1Spain Industrial Generator Set Market by Power Rating
11.2.7.4.2Spain Industrial Generator Set Market by Fuel Type
11.2.7.4.3Spain Industrial Generator Set Market by Distribution Channel
11.2.7.4.4Spain Industrial Generator Set Market by Application
11.2.7.5United Kingdom Industrial Generator Set Market
11.2.7.5.1United Kingdom Industrial Generator Set Market by Power Rating
11.2.7.5.2United Kingdom Industrial Generator Set Market by Fuel Type
11.2.7.5.3United Kingdom Industrial Generator Set Market by Distribution Channel
11.2.7.5.4United Kingdom Industrial Generator Set Market by Application
11.2.7.6Russia Industrial Generator Set Market
11.2.7.6.1Russia Industrial Generator Set Market by Power Rating
11.2.7.6.2Russia Industrial Generator Set Market by Fuel Type
11.2.7.6.3Russia Industrial Generator Set Market by Distribution Channel
11.2.7.6.4Russia Industrial Generator Set Market by Application
11.2.7.7Rest of Europe Industrial Generator Set Market
11.2.7.7.1Rest of Europe Industrial Generator Set Market by Power Rating
11.2.7.7.2Rest of Europe Industrial Generator Set Market by Fuel Type
11.2.7.7.3Rest of Europe Industrial Generator Set Market by Distribution Channel
11.2.7.7.4Rest of Europe Industrial Generator Set Market by Application
11.3.ASIA-PACIFIC
11.3.1Asia-Pacific Industrial Generator Set Market Overview
11.3.2Asia-Pacific Industrial Generator Set Market Forecasts and Analysis
11.3.3Asia-Pacific Industrial Generator Set Market Forecasts and Analysis - By Power Rating
11.3.4Asia-Pacific Industrial Generator Set Market Forecasts and Analysis - By Fuel Type
11.3.5Asia-Pacific Industrial Generator Set Market Forecasts and Analysis - By Distribution Channel
11.3.6Asia-Pacific Industrial Generator Set Market Forecasts and Analysis - By Application
11.3.7Asia-Pacific Industrial Generator Set Market Forecasts and Analysis - By Countries
11.3.7.1Australia Industrial Generator Set Market
11.3.7.1.1Australia Industrial Generator Set Market by Power Rating
11.3.7.1.2Australia Industrial Generator Set Market by Fuel Type
11.3.7.1.3Australia Industrial Generator Set Market by Distribution Channel
11.3.7.1.4Australia Industrial Generator Set Market by Application
11.3.7.2China Industrial Generator Set Market
11.3.7.2.1China Industrial Generator Set Market by Power Rating
11.3.7.2.2China Industrial Generator Set Market by Fuel Type
11.3.7.2.3China Industrial Generator Set Market by Distribution Channel
11.3.7.2.4China Industrial Generator Set Market by Application
11.3.7.3India Industrial Generator Set Market
11.3.7.3.1India Industrial Generator Set Market by Power Rating
11.3.7.3.2India Industrial Generator Set Market by Fuel Type
11.3.7.3.3India Industrial Generator Set Market by Distribution Channel
11.3.7.3.4India Industrial Generator Set Market by Application
11.3.7.4Japan Industrial Generator Set Market
11.3.7.4.1Japan Industrial Generator Set Market by Power Rating
11.3.7.4.2Japan Industrial Generator Set Market by Fuel Type
11.3.7.4.3Japan Industrial Generator Set Market by Distribution Channel
11.3.7.4.4Japan Industrial Generator Set Market by Application
11.3.7.5South Korea Industrial Generator Set Market
11.3.7.5.1South Korea Industrial Generator Set Market by Power Rating
11.3.7.5.2South Korea Industrial Generator Set Market by Fuel Type
11.3.7.5.3South Korea Industrial Generator Set Market by Distribution Channel
11.3.7.5.4South Korea Industrial Generator Set Market by Application
11.3.7.6Rest of Asia-Pacific Industrial Generator Set Market
11.3.7.6.1Rest of Asia-Pacific Industrial Generator Set Market by Power Rating
11.3.7.6.2Rest of Asia-Pacific Industrial Generator Set Market by Fuel Type
11.3.7.6.3Rest of Asia-Pacific Industrial Generator Set Market by Distribution Channel
11.3.7.6.4Rest of Asia-Pacific Industrial Generator Set Market by Application
11.4.MIDDLE EAST AND AFRICA
11.4.1Middle East and Africa Industrial Generator Set Market Overview
11.4.2Middle East and Africa Industrial Generator Set Market Forecasts and Analysis
11.4.3Middle East and Africa Industrial Generator Set Market Forecasts and Analysis - By Power Rating
11.4.4Middle East and Africa Industrial Generator Set Market Forecasts and Analysis - By Fuel Type
11.4.5Middle East and Africa Industrial Generator Set Market Forecasts and Analysis - By Distribution Channel
11.4.6Middle East and Africa Industrial Generator Set Market Forecasts and Analysis - By Application
11.4.7Middle East and Africa Industrial Generator Set Market Forecasts and Analysis - By Countries
11.4.7.1South Africa Industrial Generator Set Market
11.4.7.1.1South Africa Industrial Generator Set Market by Power Rating
11.4.7.1.2South Africa Industrial Generator Set Market by Fuel Type
11.4.7.1.3South Africa Industrial Generator Set Market by Distribution Channel
11.4.7.1.4South Africa Industrial Generator Set Market by Application
11.4.7.2Saudi Arabia Industrial Generator Set Market
11.4.7.2.1Saudi Arabia Industrial Generator Set Market by Power Rating
11.4.7.2.2Saudi Arabia Industrial Generator Set Market by Fuel Type
11.4.7.2.3Saudi Arabia Industrial Generator Set Market by Distribution Channel
11.4.7.2.4Saudi Arabia Industrial Generator Set Market by Application
11.4.7.3U.A.E Industrial Generator Set Market
11.4.7.3.1U.A.E Industrial Generator Set Market by Power Rating
11.4.7.3.2U.A.E Industrial Generator Set Market by Fuel Type
11.4.7.3.3U.A.E Industrial Generator Set Market by Distribution Channel
11.4.7.3.4U.A.E Industrial Generator Set Market by Application
11.4.7.4Rest of Middle East and Africa Industrial Generator Set Market
11.4.7.4.1Rest of Middle East and Africa Industrial Generator Set Market by Power Rating
11.4.7.4.2Rest of Middle East and Africa Industrial Generator Set Market by Fuel Type
11.4.7.4.3Rest of Middle East and Africa Industrial Generator Set Market by Distribution Channel
11.4.7.4.4Rest of Middle East and Africa Industrial Generator Set Market by Application
11.5.SOUTH AND CENTRAL AMERICA
11.5.1South and Central America Industrial Generator Set Market Overview
11.5.2South and Central America Industrial Generator Set Market Forecasts and Analysis
11.5.3South and Central America Industrial Generator Set Market Forecasts and Analysis - By Power Rating
11.5.4South and Central America Industrial Generator Set Market Forecasts and Analysis - By Fuel Type
11.5.5South and Central America Industrial Generator Set Market Forecasts and Analysis - By Distribution Channel
11.5.6South and Central America Industrial Generator Set Market Forecasts and Analysis - By Application
11.5.7South and Central America Industrial Generator Set Market Forecasts and Analysis - By Countries
11.5.7.1Brazil Industrial Generator Set Market
11.5.7.1.1Brazil Industrial Generator Set Market by Power Rating
11.5.7.1.2Brazil Industrial Generator Set Market by Fuel Type
11.5.7.1.3Brazil Industrial Generator Set Market by Distribution Channel
11.5.7.1.4Brazil Industrial Generator Set Market by Application
11.5.7.2Argentina Industrial Generator Set Market
11.5.7.2.1Argentina Industrial Generator Set Market by Power Rating
11.5.7.2.2Argentina Industrial Generator Set Market by Fuel Type
11.5.7.2.3Argentina Industrial Generator Set Market by Distribution Channel
11.5.7.2.4Argentina Industrial Generator Set Market by Application
11.5.7.3Rest of South and Central America Industrial Generator Set Market
11.5.7.3.1Rest of South and Central America Industrial Generator Set Market by Power Rating
11.5.7.3.2Rest of South and Central America Industrial Generator Set Market by Fuel Type
11.5.7.3.3Rest of South and Central America Industrial Generator Set Market by Distribution Channel
11.5.7.3.4Rest of South and Central America Industrial Generator Set Market by Application
12.INDUSTRY LANDSCAPE
12.1.MERGERS AND ACQUISITIONS
12.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3.NEW PRODUCT LAUNCHES
12.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13.INDUSTRIAL GENERATOR SET MARKET, KEY COMPANY PROFILES
13.1.ATLAS COPCO
13.1.1.Key Facts
13.1.2.Business Description
13.1.3.Products and Services
13.1.4.Financial Overview
13.1.5.SWOT Analysis
13.1.6.Key Developments
13.2.BRIGGS AND STRATTON CORPORATION
13.2.1.Key Facts
13.2.2.Business Description
13.2.3.Products and Services
13.2.4.Financial Overview
13.2.5.SWOT Analysis
13.2.6.Key Developments
13.3.CANDS ELECTRIC LIMITED
13.3.1.Key Facts
13.3.2.Business Description
13.3.3.Products and Services
13.3.4.Financial Overview
13.3.5.SWOT Analysis
13.3.6.Key Developments
13.4.CATERPILLAR INC.
13.4.1.Key Facts
13.4.2.Business Description
13.4.3.Products and Services
13.4.4.Financial Overview
13.4.5.SWOT Analysis
13.4.6.Key Developments
13.5.CUMMINS INC.
13.5.1.Key Facts
13.5.2.Business Description
13.5.3.Products and Services
13.5.4.Financial Overview
13.5.5.SWOT Analysis
13.5.6.Key Developments
13.6.DEERE AND COMPANY
13.6.1.Key Facts
13.6.2.Business Description
13.6.3.Products and Services
13.6.4.Financial Overview
13.6.5.SWOT Analysis
13.6.6.Key Developments
13.7.GENERAC HOLDINGS INC.
13.7.1.Key Facts
13.7.2.Business Description
13.7.3.Products and Services
13.7.4.Financial Overview
13.7.5.SWOT Analysis
13.7.6.Key Developments
13.8.INGERSOLL RAND PLC.
13.8.1.Key Facts
13.8.2.Business Description
13.8.3.Products and Services
13.8.4.Financial Overview
13.8.5.SWOT Analysis
13.8.6.Key Developments
13.9.J.C. BAMFORD EXCAVATORS LIMITED
13.9.1.Key Facts
13.9.2.Business Description
13.9.3.Products and Services
13.9.4.Financial Overview
13.9.5.SWOT Analysis
13.9.6.Key Developments
13.10.MITSUBISHI HEAVY INDUSTRIES, LTD.
13.10.1.Key Facts
13.10.2.Business Description
13.10.3.Products and Services
13.10.4.Financial Overview
13.10.5.SWOT Analysis
13.10.6.Key Developments
14.APPENDIX
14.1.ABOUT THE INSIGHT PARTNERS
14.2.GLOSSARY OF TERMS
1.Atlas Copco
2.Briggs and Stratton Corporation
3.CandS Electric Limited
4.Caterpillar Inc.
5.Cummins Inc.
6.Deere and Company
7.Generac Holdings Inc.
8.Ingersoll Rand plc.
9.J.C. Bamford Excavators Limited
10.Mitsubishi Heavy Industries, Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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